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SBI CBO Mock Test - 8 - Bank Exams MCQ


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30 Questions MCQ Test Mock Test Series for SBI CBO Exam 2024 - SBI CBO Mock Test - 8

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SBI CBO Mock Test - 8 - Question 1

Of course, in his attempts at field investigation, the historian is at the disadvantage that the countryside has changed in many respects since the period which he is studying. He is not permitted to use H.G. Wells‘s time machine, to enable him to see it as it actually was. Inevitably he is concerned in the main, if not exclusively, with literary and other materials, which have survived from that stretch of the past which interests him.

 Old maps may be plans of cities, charts of sea coasts and estuaries, cartularies of landed estates, or topographic delineations of land areas. These clearly engage the interest of historians and geographers alike, and they call for a combination of the methods and viewpoints of each. Maps can be conceived of and considered in several quite different ways, being properly regarded, and so assessed, as works of art—at best as objects of colour, skill, form, and beauty. They may alternatively be regarded purely for their cartographic aesthetic.  

The main queries which then arise are the following: how is it that the map-maker has carried out his task and with skill of what echelon and with what degree of success has he done so? Such an inquiry falls to the specialist field of historical cartography. An antiquarian map may also be approached in a means akin to that of the student who conceives it as a font contemporaneous with the time of its production. Thus, the historical cartographer may seek to bring grist to his mill and to consider the map‘s reliability as a satisfactory source of empirical evidence. By such means also the regional historian, in his search for essentials about such past matters as the availability of roads, the extent of enclosed farmland, or the number and location of mines and quarries, is no less an interested party.

 The value of old maps as documents useful for historicity depends necessarily on to what degree they depict and on how accurately. For virtually all periods of pre-modern history some maps have survived to serve as historiography, depicting, however imperfectly, certain features of past geography. The work of Claudius Ptolemy—who lived in the 2nd century A.D.—for centuries provided the basis for maps of the known world and its major regions. Although many were drawn on the scientific basis which he provided, they nevertheless embodied many errors—of location, distance, and the shape of areas of land and sea.  

The medieval portolan charts of the Mediterranean Sea and the later charts which provided sailing directions, produced in Holland, were accurate enough to be useful in practical navigation. Plans of important cities of Europe, so well-drawn as to yield evidence of their earlier form and extent, are notably offered in Braun and Hogenberg‘s Civitates Orbis Terrarum, published at Cologne and, in England, in John Speed‘s plans of cities. Similarly, John Ogilby‘s Britannia, Volume the First, appearing in 1675, gives detailed information of England's road system as it existed nearly three centuries ago. However, few of the early maps approach modern standards, which require accurate representation of distances and of heights above mean sea-level and the use of carefully distinguished symbols. This is because it was not until the 18th century that cartography, as an exact science, was born.  

Directions: Read the above paragraph and answer the following:

Q.With which of the following statements would the author be most likely to agree?  

Detailed Solution for SBI CBO Mock Test - 8 - Question 1

Mapping the Passage
¶1 states that maps are valuable to historical research.
¶2 discusses the various traits of old maps and ways of studying them.
¶3 and 4 describe the value of old maps in relation to how much information they provide.
¶5 provides some examples of maps useful to the study of historical geography and describes the transition from pre-modern to modern maps.

There‘s not much to go on in the passage by way of opinion, but even a simple prediction can yield fast results. What is the author‘s main point? Old maps have historical value. Scanning the answer choices with even this broad prediction immediately turns up (A), which states much the same thing.

 

SBI CBO Mock Test - 8 - Question 2

Of course, in his attempts at field investigation, the historian is at the disadvantage that the countryside has changed in many respects since the period which he is studying. He is not permitted to use H.G. Wells‘s time machine, to enable him to see it as it actually was. Inevitably he is concerned in the main, if not exclusively, with literary and other materials, which have survived from that stretch of the past which interests him.

 Old maps may be plans of cities, charts of sea coasts and estuaries, cartularies of landed estates, or topographic delineations of land areas. These clearly engage the interest of historians and geographers alike, and they call for a combination of the methods and viewpoints of each. Maps can be conceived of and considered in several quite different ways, being properly regarded, and so assessed, as works of art—at best as objects of colour, skill, form, and beauty. They may alternatively be regarded purely for their cartographic aesthetic.  

The main queries which then arise are the following: how is it that the map-maker has carried out his task and with skill of what echelon and with what degree of success has he done so? Such an inquiry falls to the specialist field of historical cartography. An antiquarian map may also be approached in a means akin to that of the student who conceives it as a font contemporaneous with the time of its production. Thus, the historical cartographer may seek to bring grist to his mill and to consider the map‘s reliability as a satisfactory source of empirical evidence. By such means also the regional historian, in his search for essentials about such past matters as the availability of roads, the extent of enclosed farmland, or the number and location of mines and quarries, is no less an interested party.

 The value of old maps as documents useful for historicity depends necessarily on to what degree they depict and on how accurately. For virtually all periods of pre-modern history some maps have survived to serve as historiography, depicting, however imperfectly, certain features of past geography. The work of Claudius Ptolemy—who lived in the 2nd century A.D.—for centuries provided the basis for maps of the known world and its major regions. Although many were drawn on the scientific basis which he provided, they nevertheless embodied many errors—of location, distance, and the shape of areas of land and sea.  

The medieval portolan charts of the Mediterranean Sea and the later charts which provided sailing directions, produced in Holland, were accurate enough to be useful in practical navigation. Plans of important cities of Europe, so well-drawn as to yield evidence of their earlier form and extent, are notably offered in Braun and Hogenberg‘s Civitates Orbis Terrarum, published at Cologne and, in England, in John Speed‘s plans of cities. Similarly, John Ogilby‘s Britannia, Volume the First, appearing in 1675, gives detailed information of England's road system as it existed nearly three centuries ago. However, few of the early maps approach modern standards, which require accurate representation of distances and of heights above mean sea-level and the use of carefully distinguished symbols. This is because it was not until the 18th century that cartography, as an exact science, was born.  

Directions: Read the above paragraph and answer the following:

Q. According to the passage, all of the following would be considered maps EXCEPT: 

 

Detailed Solution for SBI CBO Mock Test - 8 - Question 2

Mapping the Passage
¶1 states that maps are valuable to historical research.
¶2 discusses the various traits of old maps and ways of studying them.
¶3 and 4 describe the value of old maps in relation to how much information they provide.
¶5 provides some examples of maps useful to the study of historical geography and describes the transition from pre-modern to modern maps.

The ―according to the passage opening tips you off that this is a detail question, and consequently, that we‘re only looking for types of maps supported by examples in the passage. While three of the maps deal with geographic features similar to those the author touches on in the passage, a star chart wouldn‘t have anything to do with the author‘s idea of maps as something representing terrestrial features.

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SBI CBO Mock Test - 8 - Question 3

Directions: In each of the following questions, there are four sentences or parts of sentences that form a paragraph. Identify the sentence(s) or part(s) of the sentence(s) that is/are correct in terms of grammar and usage (including spelling, punctuation, and logical consistency). Then, choose the most appropriate option.

A. Sometimes, we think we are only the people with problems.
B. Our problems override other considerations; we can't think beyond our own expectations.
C. When we see a small dampness on our wall we scurry to get them repaired and corrected.
D. But we don't think of people whose homes have been washed away by the rage of the rain gods.

Detailed Solution for SBI CBO Mock Test - 8 - Question 3
  • In A 'only' is misplaced. It should be like "we are the only people with problems".
  • In C, the pronoun 'them' is inconsistent ( in number) with its antecedent 'with small dampness'. 'It' is the correct pronoun.
  • B and D are the only correct sentences.
SBI CBO Mock Test - 8 - Question 4

You should _________________ the opportuity to travel with a guide.

Detailed Solution for SBI CBO Mock Test - 8 - Question 4

'Seize' should be used here.

Seize: to take hold of something.

SBI CBO Mock Test - 8 - Question 5

Directions: In the following questions, some of the sentences have errors and some have none. Find out which part of a sentence has an error and mark the appropriate letter (1), (2) and (3). If there is no error, mark (4).

Many people who are otherwise (1) / law-abide citizens (2) / break traffic rules knowingly. (3) / No error (4)

Detailed Solution for SBI CBO Mock Test - 8 - Question 5

Here, law-abide should be replaced by law-abiding. 

The new sentence would be, "Many people who are otherwise law-abiding citizens break traffic rules knowingly."

SBI CBO Mock Test - 8 - Question 6

He told us that

P :and enjoyed it immensely

Q :in a prose translation

R :he had read Milton

S :which he had borrowed from his teacher

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 8 - Question 6

He told us that he had read Milton in a prose translation which he had borrowed from his teacher and enjoyed it.

SBI CBO Mock Test - 8 - Question 7

Directions: In each of the following questions, there are four sentences or parts of sentences that form a paragraph. Identify the sentence(s) or part(s) of the sentence(s) that is/are correct in terms of grammar and usage (including spelling, punctuation, and logical consistency). Then, choose the most appropriate option.

A. Three years have passed since Dr Ira Kalish, global research head, Deloitte, visited India.
B. But the changes in modern trade are all too apparent to Kalish.
C. There has been well-publicised expansions and scale backs.
D. Some have taken a fall, and others picked pace.

Detailed Solution for SBI CBO Mock Test - 8 - Question 7

The verb in C must be "there have been" and in D, the correct idiom would be "picked up pace".

SBI CBO Mock Test - 8 - Question 8

Block of Residential flats / are coming up / near our houses / No error.

Detailed Solution for SBI CBO Mock Test - 8 - Question 8

This statement is wrong: Block of Residential flats

Correct Statement will be: Blocks of Residential flats

SBI CBO Mock Test - 8 - Question 9

Directions: The following question has two blanks, each blank indicating that something has been omitted. Choose the set of words for each blank that best fits in the context of the sentence

Unlike mainstream media that falls under __________ regulation, online platforms have scope for wrongdoing due to the lack of __________ rules, and the ability to keep owners and editors private like in the case of fake news sites.

Detailed Solution for SBI CBO Mock Test - 8 - Question 9

The word “regulation” after the first blank indicates that the word describes the type of regulation the “mainstream media” falls under. In the context of the sentence, the words which are suitable for the first blank are “inclusive”, “comprehensive” and “extensive”. Hence options B and E are eliminated.

“Lack of” before the second blank and “rules” after it shows that it has to be the opposite of the type of rules faced by the mainstream media. The only word that makes the sentence meaningfully correct is “binding” which means ‘involving an obligation that cannot be broken’. The words “delicate" and “defamation” are irrelevant to the context of this sentence. This eliminates options A and D as well.

Option C is hence the correct answer.

SBI CBO Mock Test - 8 - Question 10

They have been / very close friends / until they quarrelled / No error.

Detailed Solution for SBI CBO Mock Test - 8 - Question 10

This statement is wrong: They have been

Correct Statement will be: They had been

SBI CBO Mock Test - 8 - Question 11

Directions: The following question has two blanks, each blank indicating that something has been omitted. Choose the set of words for each blank that best fits in the context of the sentence

Related frauds amount to INR 612.6 billion in the last five financial years and governance failures on account of __________ and __________ issues plague the banking system.

Detailed Solution for SBI CBO Mock Test - 8 - Question 11

The sentence tries to convey that the banking system is “plagued” or ‘infected’ with problems such as “frauds” and incapability and inefficiency of the government.

“Failures on account of” before the blanks indicate that the words occupying the blank must be positive so that the whole expression can become negative. In the context of the sentence, the only combination of words that lead to a meaningful sentence is "integrity" and "competence". All other options are incorrect either contextually or grammatically.

“Integrity” is the quality of being honest and having strong moral principles. “Competence” is the ability to do something successfully or efficiently.

Option D is hence the correct answer.

SBI CBO Mock Test - 8 - Question 12

Industrial Finance Corporation of India(IFCI) was the first industrial financing institution set up to provide medium and long-term financial assistance to large-scale industrial undertakings. When was it established?

Detailed Solution for SBI CBO Mock Test - 8 - Question 12

IFCI was India's first industrial financing institution, founded shortly after independence. The Industrial Finance Corporation of India Act 1948 established it as a statutory corporation in July 1948. It has now been converted into a joint-stock company under the Companies Act of 1956, with effect from July 1, 1993.

SBI CBO Mock Test - 8 - Question 13

Which of the following statements are true in regards NBFC?

Detailed Solution for SBI CBO Mock Test - 8 - Question 13
  • NBFC’s lend and make investments and hence their activities are similar to that of banks; however there are a few differences as given below:
    • NBFC cannot accept demand deposits;
    • NBFCs do not form part of the payment and settlement system and hence cannot issue cheques
    • Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
SBI CBO Mock Test - 8 - Question 14

What are the roles of the Foreign Direct Investment (FDI) in Indian Growth?

Detailed Solution for SBI CBO Mock Test - 8 - Question 14

Foreign direct investment (FDI) is critical to a country's economic development. The entry of foreign cash has allowed India to improve its infrastructure, increase productivity, and increase employment. FDI also serves as a vehicle for acquiring sophisticated technology and mobilizing foreign exchange reserves.

SBI CBO Mock Test - 8 - Question 15

Which of the following rates is not decided by RBI?

Detailed Solution for SBI CBO Mock Test - 8 - Question 15

Prime lending rate is the interest rate used by a bank which is decided by the concerned bank. It is usually the interest rate at which banks lend to favoured customers - i.e., those with good credit. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate that banks use to lend to one another. The prime rate is also important for individual borrowers, as the prime rate directly affects the lending rates available for a mortgage, small business loan or personal loan.

SBI CBO Mock Test - 8 - Question 16

Which of the following is not a Money Market Instrument?

Detailed Solution for SBI CBO Mock Test - 8 - Question 16
  • The money market is the arena in which financial institutions make available to a broad range of borrowers and investors the opportunity to buy and sell various forms of short-term securities.
  • There is no physical "money market." Instead, it is an informal network of banks and traders linked by telephones, fax machines, and computers.
  • Money markets exist both in the United States and abroad.
  • The short-term debts and securities sold on the money markets—which are known as money market instruments—have maturities ranging from one day to one year and are extremely liquid.
  • Treasury bills, federal agency notes, certificates of deposit (CDs), eurodollar deposits, commercial paper, bankers' acceptances, and repurchase agreements are examples of instruments.
  • The suppliers of funds for money market instruments are institutions and individuals with a preference for the highest liquidity and the lowest risk.
SBI CBO Mock Test - 8 - Question 17

Which among the following are the types of mutual funds?

Detailed Solution for SBI CBO Mock Test - 8 - Question 17

Equity funds - Equity funds are the type of mutual funds that invests investors money in the stock market. These are categorized as - 

  • Large-cap mutual funds - In large-cap funds, a large portion of the investment is done in companies with large market capitalization. Large-cap are big, well-established companies in the equity market. These companies are strong, reputable, and trustworthy. Large-cap companies generally are the top 100 companies in a market.
    • ​Large-cap funds have lower growth potential and give investors lower returns on investment as compared to mid and small-cap funds.
    • Such companies have capital worth 20,000 crores or more.
  • Mid-cap mutual funds - In mid-cap funds, a large portion of the investment is done in companies with medium market capitalization.
    • It has better growth potential and gives investors higher returns on investment as compared to large-cap funds.
  • Small-cap mutual funds - In small-cap funds, a large portion of the investment is done in companies with small market capitalization i.e. having a market cap of less than INR 500 crore.
    • It has exponential growth potential and gives investors high returns on investment.
  • Equity-linked saving scheme(ELSS) - These funds provide tax savings to the investors and hence most popular among them.  But these funds have a lock-in period of 3 years.
  • Investors cannot redeem their money before the maturity date. 
  • It also provides an opportunity for long term capital appreciation.

Debt Funds- These are relatively safer investments and are suitable for Income Generation.

  • The investment in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits, and Money Market instruments like Treasury Bills, Commercial Paper, etc comes under the category of debt funds.

Hybrid funds- These funds invest in both Equities and debt funds, thus offering the best in Growth Potential as well as Income Generation.

  • Examples of these types of funds are Pension Plans, Child Plans, and Monthly Income Plans, etc.
SBI CBO Mock Test - 8 - Question 18

___________ allows customers to simply drive at the ATM and access their account without even stepping out of their vehicles.

Detailed Solution for SBI CBO Mock Test - 8 - Question 18

Customers can drive up to a mobile ATM and access their accounts without ever getting out of their automobiles. Customers can use mobile ATMs to withdraw cash, deposit money, and do anything else that regular ATMs can do.

SBI CBO Mock Test - 8 - Question 19

Under which act Cooperative Banks needs to get registered for its operation?

Detailed Solution for SBI CBO Mock Test - 8 - Question 19

Cooperative Bank needs to get registered under Banking Laws (Co-operative Societies) Act. 1965  for its operation.

SBI CBO Mock Test - 8 - Question 20

Which of the following accounts are supported by BHIM UPI application?

Detailed Solution for SBI CBO Mock Test - 8 - Question 20
  • BHIM stands for Bharat Interface for Money.
  • It is a payment app that lets you make simple, easy, and quick transactions using Unified Payments Interface (UPI).
  • You can make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app.
  • It was developed by the National Payments Corporation of India (NPCI).
  • It was launched by the Hon'ble Prime Minister of India, Narendra Modi on 30th December 2016 to bring Financial Inclusion to the nation and a digitally empowered society.
     
SBI CBO Mock Test - 8 - Question 21

Which among the following is correct regarding the Unit Linked Insurance Plans?

Detailed Solution for SBI CBO Mock Test - 8 - Question 21

Unit Linked Insurance Plan is meant to give the insured an opportunity for insurance and investment.
The first such plan was launched by Unit Trust of India.
The premium collected is divided into mortality charge or providing insurance cover whereas the rest is invested in the equity or debt markets.

SBI CBO Mock Test - 8 - Question 22

Currently BHIM App is available in how many languages?

Detailed Solution for SBI CBO Mock Test - 8 - Question 22
  • Currently, BHIM is available in 20 languages, i.e., Hindi, English, Tamil, Telugu, Malayalam, Bengali, Odia, Kannada, Gujarati, Marathi, Assamese, Bengali, Bhojpuri, Haryanvi, Marwari, Konkani, Manipuri, Khasi and Mizo.
  • Bharat Interface for Money (BHIM) is a mobile payments application based on NPCI’s Unified Payments Interface (UPI) which helps in making simple, easy and quick payment transactions
  • One can make instant bank-to-bank payments and Pay and collect money using just Mobile number or Virtual Payment Address (UPI ID).
  • BHIM was launched on 30th December 2016 by PM Narendra Modi.
  • Through BHIM App, one can't pay more than Rs. 20,000 in a transaction. So if one wants to pay more than Rs. 20,000, one has to pay twice.
  • The daily limit for BHIM app transaction is ₹40,000.
  • There is also a limit to the number of transactions through the BHIM app. The UPI prohibits more than 10 transactions by an account in 24 hours. 
SBI CBO Mock Test - 8 - Question 23

A hybrid computer is the one having the combined properties of  ________.

Detailed Solution for SBI CBO Mock Test - 8 - Question 23

A computing system that combines both digital and analogue components is known as a hybrid computer. Complex mathematical computations have traditionally been handled by the analogue parts of computers. In addition to acting as the system's controller, the digital components handle all logical and numerical operations.

SBI CBO Mock Test - 8 - Question 24

________ processes the information and commands received from the input devices before sending the processed information to the output devices.

SBI CBO Mock Test - 8 - Question 25

Which of the following are the components of a Database Management System?

Detailed Solution for SBI CBO Mock Test - 8 - Question 25

Hardware, Software, Data, Database Access Language, Procedures, and Users all together form the components of a DBMS.

SBI CBO Mock Test - 8 - Question 26

What does A represent in CDMA?

Detailed Solution for SBI CBO Mock Test - 8 - Question 26

CDMA: Code Division Multiple Access.

SBI CBO Mock Test - 8 - Question 27

An _________ is a small program generally written in the Java programming language that was designed to provide interactivity on web pages.

SBI CBO Mock Test - 8 - Question 28

A network configuration known as a ___________ has devices such as computers and routers connected.

SBI CBO Mock Test - 8 - Question 29

_______ is the maximum length of DOS command using an optional parameter.

Detailed Solution for SBI CBO Mock Test - 8 - Question 29

127 characters is the maximum length of a DOS command using an optional parameter.

SBI CBO Mock Test - 8 - Question 30

Which of the following is sometimes called Chips or microchips?

Detailed Solution for SBI CBO Mock Test - 8 - Question 30

A semiconductor wafer on which thousands or millions of tiny resistors, capacitors, and transistors are manufactured is known as an integrated circuit (IC), sometimes known as a chip or microchip. A microprocessor, oscillator, timer, counter, computer memory, or amplifier are all examples of ICs.

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